SBI Debt Fund Series - 366 Days - 13 Floats On

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series - 366 Days - 13, a close ended debt scheme with the duration of 366 days.

Investment Objective:

The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme.

The scheme offers two options viz. growth and dividend option.

Allocation of Funds:

The scheme will invest 60% to 100% of assets in debt & money market securities and upto 40% of assets in government securities. Exposure to domestic securitized debt may be to the extent of 40% of the net assets.

The units of the scheme will be listed on BSE in order to provide liquidity.